Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0473%/8h= +51.8% APRpaid last 24h −0.048%

Price spread now: edgeX against Nado+0.019%62s7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$680.680% of the position

Long on Nado Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.808%−$81 on $10k

Price spread, last 4 days (all we have)+0.028%+$3 · spread now +0.019%, 7d avg +0.030%

Together, before fees−0.781%+ Points / potential airdropNado: Active · edgeX: Active · farm board−$78 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.808%, so the current rate has only just turned in your favour. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MRVL-PERP	256.07	0.0094	pay 0.0012% / 1h	8m 17s	$87K	$272K	10x
Short	edgeX MRVLUSDC	256.12	0.0566	get 0.0283% / 4h	2h 08m	$36K	$373K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee NadobpFee edgeXbpOrdersPrice spread, now +0.019%Rate

Funding earned: $99.25
Price spread: +0.019% → +0.030%: −$1.09
Slippage, 4 orders: −$51.96
Fee Nado: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $30.2
Costs to cover: 0.680%
Break-even: 4.9 days

Slippage from Nado: live order book, 39 min ago; edgeX: live order book, 40 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Nado live order book, 39 min ago	8.59 bp	19.1 bp −$19	31.8 bp −$318	doesn't fit	doesn't fit
Sell edgeX live order book, 40 min ago	5.46 bp	10.2 bp −$10	14.9 bp −$149	doesn't fit	doesn't fit

MRVL on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MRVLUSDT	−0.0813%	8h	256.17	+0.038%	$5.6M	$17.0M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.03	−0.018%	$302K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.05	−0.009%	$46K	$265K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.10	+0.011%	$23.6M	$112.4M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.96	−0.044%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.00	−0.028%	$6.8M	$23.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.07	−0.001%	$5.2M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	256.20	+0.050%	$711K	$485K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	256.31	+0.093%	$648	$191K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	256.13	+0.022%	$2K	$6.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	256.02	−0.021%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	256.37	+0.116%	$131K	$47K	50x	as long as short
BloFin MRVL-USDT	+0.0010%	8h	256.11	+0.014%	$362K	$182K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0018%	1h	255.59	−0.188%	$593	$48K	10x	as long as short
QFEX MRVL-USD	+0.0030%	1h	256.07	−0.001%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	256.13	+0.022%	$89K	$202K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.79	−0.111%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.31	+0.093%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.93	−0.056%	$14.1M	$8.8M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.95	−0.048%	$102K	$80K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.83	−0.095%	$565K	$753K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	256.02	−0.020%	—	—	5x	as long as short
Nado MRVL-PERPlong	+0.0094%	1h	256.07	long leg	$87K	$272K	10x
Coinbase International MRVL-PERP-INTX	+0.0096%	1h	253.60	−0.966%	$318K	$634K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.12	+0.018%	$4K	$139K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.09	+0.007%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.13	+0.023%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0106%	8h	256.03	−0.017%	$507K	$64K	20x	as long as short
Phoenix MRVL	+0.0157%	1h	256.41	+0.132%	$11K	$12K	10x	as long as short
SoDEX MRVL-USD	+0.0161%	1h	256.09	+0.007%	$164	$15K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.64	+1.002%	$11K	$735	12x	as long as short
edgeX MRVLUSDCshort	+0.0566%	4h	256.12	+0.019%	$36K	$373K	10x